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	<title>Comments on: Emperor Henry Tax Review Final Report Imminent</title>
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		<title>By: cb</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2722</link>
		<dc:creator>cb</dc:creator>
		<pubDate>Tue, 10 Nov 2009 02:30:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2722</guid>
		<description>GB - thanks, this is how I understand and see it: 
- insofar as the Wall Street banksters and hedge funds are borrowing sh!tloads of cheap as free USD from the Fed to sell it for the carry trade, they will have to buy the lot of it back if and when USD interest rates rise for whatever reason. At that point there will be likely to be a short squeeze and the USD will shoot sky high because of it. Through the carry trade they borrow USD, which they then spend to buy other currencies, shares, commodities, and whatever is promising a higher return than what they are paying in interest on those borrowings, but all of that then will have to be bought back to be repaid in USD, so when the carry trade reverses, then anything that they have inflated with the carry trade should fall in price against the USD. 

As for corrections and future crises, yes, we will get more of those, for sure. It is all part of the strategy employed by the banksters. They have planted hundreds of thousands of derivative financial bombs and they will blow these up when it suits them, even threatening suicide and systematic collapse in order to frighten the politicians into handing over to them more bailout cheap and free money. It is a shell game to get more and more money out of the tax payer, and pension funds, and super savings, and wherever there is still a scent of savings left. Now they are on the verge of failing, now they are doing great. When paying themselves bonuses, they will be doing just fine. As soon a bonus season passes, they will engineer another crisis. And guess what: they are getting, and they will continue to be getting away with it at your expense and mine. 

The other part of the strategy is to hit us all with a massive and relentless energy tax through the so-called CPRS - the carbon pollusion reduction scheme. Rudd and Wong should be tried for treason for the sheer bastardry they propose to perpetuate on this nation. If you want to get across the scam and bald faced lies of the climate terrorists, then you only need to watch some of these videos: 
http://www.globalclimatescam.com/?page_id=10</description>
		<content:encoded><![CDATA[<p>GB &#8211; thanks, this is how I understand and see it:<br />
- insofar as the Wall Street banksters and hedge funds are borrowing sh!tloads of cheap as free USD from the Fed to sell it for the carry trade, they will have to buy the lot of it back if and when USD interest rates rise for whatever reason. At that point there will be likely to be a short squeeze and the USD will shoot sky high because of it. Through the carry trade they borrow USD, which they then spend to buy other currencies, shares, commodities, and whatever is promising a higher return than what they are paying in interest on those borrowings, but all of that then will have to be bought back to be repaid in USD, so when the carry trade reverses, then anything that they have inflated with the carry trade should fall in price against the USD. </p>
<p>As for corrections and future crises, yes, we will get more of those, for sure. It is all part of the strategy employed by the banksters. They have planted hundreds of thousands of derivative financial bombs and they will blow these up when it suits them, even threatening suicide and systematic collapse in order to frighten the politicians into handing over to them more bailout cheap and free money. It is a shell game to get more and more money out of the tax payer, and pension funds, and super savings, and wherever there is still a scent of savings left. Now they are on the verge of failing, now they are doing great. When paying themselves bonuses, they will be doing just fine. As soon a bonus season passes, they will engineer another crisis. And guess what: they are getting, and they will continue to be getting away with it at your expense and mine. </p>
<p>The other part of the strategy is to hit us all with a massive and relentless energy tax through the so-called CPRS &#8211; the carbon pollusion reduction scheme. Rudd and Wong should be tried for treason for the sheer bastardry they propose to perpetuate on this nation. If you want to get across the scam and bald faced lies of the climate terrorists, then you only need to watch some of these videos:<br />
<a href="http://www.globalclimatescam.com/?page_id=10" rel="nofollow">http://www.globalclimatescam.com/?page_id=10</a></p>
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		<title>By: GB</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2716</link>
		<dc:creator>GB</dc:creator>
		<pubDate>Mon, 09 Nov 2009 23:27:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2716</guid>
		<description>cb - i am talking short term

My thoughts: leading up to the G20 meeting on the weekend the USD strengthened and stocks fell. The question investors wanted to know was &#039;will the g20 governments continue to stimulate?&#039; and they are going to continue. Since then the USD has weakened and stocks have risen

Eventually they will stop stimulating and i believe investors will head for the exits and dump stocks, when they do they need to convert their stocks into something - it could be gold, pigs, chickens or USD. The only currency that can really supply that amount of demand is the USD. Gold shouldn&#039;t fall but there just isn&#039;t enough of it to make it a possible conversion medium. Short term, this could lead to a strong rise in the USD unless the gov blocks it

However, if you dont think there will be a sizeable correction in the markets then this wont happen</description>
		<content:encoded><![CDATA[<p>cb &#8211; i am talking short term</p>
<p>My thoughts: leading up to the G20 meeting on the weekend the USD strengthened and stocks fell. The question investors wanted to know was &#8216;will the g20 governments continue to stimulate?&#8217; and they are going to continue. Since then the USD has weakened and stocks have risen</p>
<p>Eventually they will stop stimulating and i believe investors will head for the exits and dump stocks, when they do they need to convert their stocks into something &#8211; it could be gold, pigs, chickens or USD. The only currency that can really supply that amount of demand is the USD. Gold shouldn&#8217;t fall but there just isn&#8217;t enough of it to make it a possible conversion medium. Short term, this could lead to a strong rise in the USD unless the gov blocks it</p>
<p>However, if you dont think there will be a sizeable correction in the markets then this wont happen</p>
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		<title>By: Nick</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2713</link>
		<dc:creator>Nick</dc:creator>
		<pubDate>Mon, 09 Nov 2009 22:16:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2713</guid>
		<description>Very true cb...what do you think will happen to the price of gold when the truth about what you have stated gains momentum, and gaining momentum it is.</description>
		<content:encoded><![CDATA[<p>Very true cb&#8230;what do you think will happen to the price of gold when the truth about what you have stated gains momentum, and gaining momentum it is.</p>
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		<title>By: cb</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2702</link>
		<dc:creator>cb</dc:creator>
		<pubDate>Mon, 09 Nov 2009 13:20:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2702</guid>
		<description>Ah, and about the US Gold Reserve, frankly, I am not so sure that it is still there. It has certainly not been audited for decades and all attempts for a proper audit have been resisted by the powers that be tooth and nail. Many credible and serious followers of gold and the US Federal Reserve System believe that a lot of that gold has been leased, and sold, over the decades, as part of the Fed&#039;s program to control the gold price. Alan Greenspan himself said so, so how much gold has been leased, never to be returned, because it has been sold long time ago, nobody really knows, and consequently nobody really knows how much of that supposed gold reserve is still there, and those in charge of it will not allow an audit. 

Leased gold is nothing but gold long gone, that much is for sure. Plus, who knows how much of the physical gold still left there is under how many claims by the banksters or other parties through the gold swop schemes that has been operating between the various reserve banks. The answer is, that nobody who would like to know, can know, but that is only half of it. The other half, I suggest, can justifiably looked at this way: When the wolves have been guarding the sheep, would you take their word as to how many sheep there are still left in the barn? 

Of course not. In fact, you would have to fear much much worse than what you are being told. And the same goes, I would suggest, where the US Federal Reserve and the Goldman Sach&#039;s alumni lead US Treasury reports are concerned on the gold reserves left in their care.</description>
		<content:encoded><![CDATA[<p>Ah, and about the US Gold Reserve, frankly, I am not so sure that it is still there. It has certainly not been audited for decades and all attempts for a proper audit have been resisted by the powers that be tooth and nail. Many credible and serious followers of gold and the US Federal Reserve System believe that a lot of that gold has been leased, and sold, over the decades, as part of the Fed&#8217;s program to control the gold price. Alan Greenspan himself said so, so how much gold has been leased, never to be returned, because it has been sold long time ago, nobody really knows, and consequently nobody really knows how much of that supposed gold reserve is still there, and those in charge of it will not allow an audit. </p>
<p>Leased gold is nothing but gold long gone, that much is for sure. Plus, who knows how much of the physical gold still left there is under how many claims by the banksters or other parties through the gold swop schemes that has been operating between the various reserve banks. The answer is, that nobody who would like to know, can know, but that is only half of it. The other half, I suggest, can justifiably looked at this way: When the wolves have been guarding the sheep, would you take their word as to how many sheep there are still left in the barn? </p>
<p>Of course not. In fact, you would have to fear much much worse than what you are being told. And the same goes, I would suggest, where the US Federal Reserve and the Goldman Sach&#8217;s alumni lead US Treasury reports are concerned on the gold reserves left in their care.</p>
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		<title>By: cb</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2700</link>
		<dc:creator>cb</dc:creator>
		<pubDate>Mon, 09 Nov 2009 13:05:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2700</guid>
		<description>All of that is true, GB. But each to his own. I, for one, do not feel like catching falling knives. Do you? Many say that the USD is due for shooting higher, and that it will surprise on the upside very soon. It may be so. But then again, it may not be. Given the treachery and the management of news cycles, I do not trust any of these predictions. 

Same thing happened not very long ago with gold when last time it started bumping its head up against the millenial resistance line, and even gold bugs were advising their followers to sell out of their positions and buy back again later on a pullback. I was shaking my head, as I could not believe such folly, when the signs were clearly there of the Beijing put. This was quite clearly articulated at the time by several sources, and I even referenced Max Keiser&#039;s discussion of it in this forum at the time. Some of you might even remember it. 

Anyhow, gold never pulled back properly, but powered through 1k USD to where it sits now. And what I am suggesting here about the expected and much talked about and badly due USD surge is that it may well not happen. Those who are desperate to get out, will want you to believe that the USD is ripe for a rally, because they want idiots to start buying the USD in volume, so that they can get more of their money out into gold and whatever else they fancy. I do not know this, of course, but I am just saying that with the fundamentals of the USD, it would be like trying to catch a falling knife if you went long on the USD at this point. 

But then again, some are good at juggling, and falling knives will suit them perfect.</description>
		<content:encoded><![CDATA[<p>All of that is true, GB. But each to his own. I, for one, do not feel like catching falling knives. Do you? Many say that the USD is due for shooting higher, and that it will surprise on the upside very soon. It may be so. But then again, it may not be. Given the treachery and the management of news cycles, I do not trust any of these predictions. </p>
<p>Same thing happened not very long ago with gold when last time it started bumping its head up against the millenial resistance line, and even gold bugs were advising their followers to sell out of their positions and buy back again later on a pullback. I was shaking my head, as I could not believe such folly, when the signs were clearly there of the Beijing put. This was quite clearly articulated at the time by several sources, and I even referenced Max Keiser&#8217;s discussion of it in this forum at the time. Some of you might even remember it. </p>
<p>Anyhow, gold never pulled back properly, but powered through 1k USD to where it sits now. And what I am suggesting here about the expected and much talked about and badly due USD surge is that it may well not happen. Those who are desperate to get out, will want you to believe that the USD is ripe for a rally, because they want idiots to start buying the USD in volume, so that they can get more of their money out into gold and whatever else they fancy. I do not know this, of course, but I am just saying that with the fundamentals of the USD, it would be like trying to catch a falling knife if you went long on the USD at this point. </p>
<p>But then again, some are good at juggling, and falling knives will suit them perfect.</p>
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		<title>By: GB</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2698</link>
		<dc:creator>GB</dc:creator>
		<pubDate>Mon, 09 Nov 2009 10:45:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2698</guid>
		<description>i cant see how the US loses? 

USD continues to fall then 
a) they increase exports - good to pay off debt
b) Gold goes up and for every $1000 increase in price equates to an extra $250 billion dollars (they have 8000 tonnes) - good to pay off debt

Today i read an article that says Venezuela has entered the currency market and begun to support the strength of the USD - they all know (Asia, middle east, latin america) that their only advantage is their weak currency 

with shares, commodities, oil, gold all going in the opposite direction to the US dollar then it may be a good time to buy USD because if the markets are spooked it could shoot up - as long as the US dont manipulate it and hold it down</description>
		<content:encoded><![CDATA[<p>i cant see how the US loses? </p>
<p>USD continues to fall then<br />
a) they increase exports &#8211; good to pay off debt<br />
b) Gold goes up and for every $1000 increase in price equates to an extra $250 billion dollars (they have 8000 tonnes) &#8211; good to pay off debt</p>
<p>Today i read an article that says Venezuela has entered the currency market and begun to support the strength of the USD &#8211; they all know (Asia, middle east, latin america) that their only advantage is their weak currency </p>
<p>with shares, commodities, oil, gold all going in the opposite direction to the US dollar then it may be a good time to buy USD because if the markets are spooked it could shoot up &#8211; as long as the US dont manipulate it and hold it down</p>
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		<title>By: Nick</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2697</link>
		<dc:creator>Nick</dc:creator>
		<pubDate>Mon, 09 Nov 2009 10:43:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2697</guid>
		<description>you must also keep an eye on the USD Index (US dollar value). It&#039;s diving hence the gold price in USD is rising. In AUD terms it hasn&#039;t moved much. This is not the move I am referring to. Gold will show it&#039;s own worth very soon. Hence the &quot;currency confidence&quot; we are referring to.</description>
		<content:encoded><![CDATA[<p>you must also keep an eye on the USD Index (US dollar value). It&#8217;s diving hence the gold price in USD is rising. In AUD terms it hasn&#8217;t moved much. This is not the move I am referring to. Gold will show it&#8217;s own worth very soon. Hence the &#8220;currency confidence&#8221; we are referring to.</p>
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		<title>By: Nick</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2696</link>
		<dc:creator>Nick</dc:creator>
		<pubDate>Mon, 09 Nov 2009 10:37:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2696</guid>
		<description>Well said cb. When the man in the street starts rushing to buy gold, you can be very confident that it will be too late. China is slowly buying so as to not spook the market. that way they can buy it at the better price.</description>
		<content:encoded><![CDATA[<p>Well said cb. When the man in the street starts rushing to buy gold, you can be very confident that it will be too late. China is slowly buying so as to not spook the market. that way they can buy it at the better price.</p>
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		<title>By: cb</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2695</link>
		<dc:creator>cb</dc:creator>
		<pubDate>Mon, 09 Nov 2009 10:01:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2695</guid>
		<description>And, yes, gold&#039;s steady and persistent rise indicates to me also that there is steady and persistent buying going on in the background. Since the common man in the street is not buying at the moment, not yet, my guess would be that there must be some absolutely huge pools of institutional paper money trying to find safe haven. When central bankers are prepared to buy hundreds of tons of gold at market, like we have just seen India do, something must be up.</description>
		<content:encoded><![CDATA[<p>And, yes, gold&#8217;s steady and persistent rise indicates to me also that there is steady and persistent buying going on in the background. Since the common man in the street is not buying at the moment, not yet, my guess would be that there must be some absolutely huge pools of institutional paper money trying to find safe haven. When central bankers are prepared to buy hundreds of tons of gold at market, like we have just seen India do, something must be up.</p>
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		<title>By: cb</title>
		<link>http://www.moneymorning.com.au/20091106/emperor-henry-tax-review-final-report-imminent.html/comment-page-5#comment-2694</link>
		<dc:creator>cb</dc:creator>
		<pubDate>Mon, 09 Nov 2009 09:51:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com.au/?p=2450#comment-2694</guid>
		<description>Yes, Nick, that is the keyword: confidence. People often ask and speculate about WHEN hyperinflation is likely to hit a currency, and the thing is that there is no absolute or pre-determined way to know such a thing. It depends on when confidence is lost in that currency, and confidence can be manipulated and massaged for a long long time, but when it all of a sudden goes, it is like a dam bursting - all hell breaks loose as more and more people head for the exit, which of course is never wide enough when there are only sellers and hardly any buyers.</description>
		<content:encoded><![CDATA[<p>Yes, Nick, that is the keyword: confidence. People often ask and speculate about WHEN hyperinflation is likely to hit a currency, and the thing is that there is no absolute or pre-determined way to know such a thing. It depends on when confidence is lost in that currency, and confidence can be manipulated and massaged for a long long time, but when it all of a sudden goes, it is like a dam bursting &#8211; all hell breaks loose as more and more people head for the exit, which of course is never wide enough when there are only sellers and hardly any buyers.</p>
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